Mining and export Power utility, CEC Zambia Plc, has informed its stakeholders that it has received notice of intention to arbitrate from ZESCO Limited over failure to liquidate debt it owes its main supplier and wheeler of power, according to a statement from the company. “In accordance with Section 3.4(b) of the Lusaka Securities […]
CEC Africa’s woes are poised to continue as the company reports another half-year of weak financial performance from their Nigerian operations. “In accordance with Section 3.4(b) of the Lusaka Securities Exchange Listings Requirements the Board of Directors of CEC Africa Investments Limited hereby advises the Shareholders of the Company that the Earnings Per Share […]
Petroleum company, Puma Energy Zambia Plc, announced a profit before tax of K78.27 million at half-year 2019 despite a 3.8% dip in volumes compared to its half-year performance. “The Company recorded for the half-year ended 30 June 2019 a profit before tax of K78.27 million compared to K61.48 million recorded in the previous financial year”, […]
Zambia’s largest supplier of power to the mining companies, CEC Zambia Plc, has reported a 10% reduction in consumption of energy by its clients due to protraction in the making adjustments to the new mining tax regime, according to the company in its half-year performance review for 2019. “Our customers consumed about 10% less […]
Electricity supply company, CEC Zambia Plc., expects to post weaker results at half year 2019 due to weaker collections caused by delayed payments from one of its customers. “In accordance with the Lusaka Securities Exchange Limited (“LuSE”) Listings Requirements, the Board of Directors advises the shareholders of CEC (“the Company”) that for the six months […]
CEC Africa’s Nigerian operations have continued to be tempered by challenges it is facing in Nigeria where the company’s operations are domicile. The group has faced a myriad of challenges that include non-cost reflective tariffs, partial implementation of the Power Sector Recovery Program and nonpayment of electricity bills by government agencies which has become a […]
Corporate Bio The core business of CEC Zambia is to supply power to copper producing mines on the Copperbelt Province of Zambia and other related mining companies in the Democratic Republic of Congo (DRC) in conjunction with SNEL that country’s state utility company. CEC has two incorporated subsidiaries namely CEC-Kabompo Hydro Power Limited (CEC-KHPL) and […]
Following Copperbelt Energy (CEC Plc) disposing off its 50% shareholding in CEC Liquid Telecommunication Limited (CEC Liquid Telecom) to pan-African telecoms group, Liquid Telecommunication Holdings Limited (Liquid Telecom) in October 2018, investors in the company waited with baited breath for the CFO through his subcommittee on the board to conclude deliberations for the submission of […]
CEC Africa’s operations in Nigeria continue to face some of the harshest macroeconomic challenges in the energy company’s footprint across Africa. “In Nigeria where the Group has operating companies, challenging conditions in the operating environment continue to affect profitability. Abuja Electricity Distribution Company Plc continues to face high losses, low collections and non-cost refle
On 28th September 2018, PUMA Energy Zambia Plc reported, through SENS Announcement on LuSE, its half year performance for 2018. The Oil Marketing Company (OMC) that is positioned at the tail end of the oil marketing value chain saw revenue increase by 20.2% at half year 2018 compared to the same time in the previous […]
Copperbelt Energy Corporation Plc
